Capitalism Versus Socialism

The Community of Faith from an Economics Perspective

In Capitalism versus Socialism: An Economics Perspective, you can learn: What the Bible has to say about the pillars of socialist and capitalist economic systems; The vital coordinating role of the “Invisible Hand” in a decentralized market-based—capitalist—economy and how this gets short-circuited in socialist economies; That the Scandinavian countries are welfare states based on market principles and not, as alleged, examples of successful socialist economies; What the actual evidence is on capitalist and socialist systems; What the Bible has to say about inequality and how we are to care for the less fortunate.


About the Author

Tom Simpson has been a professor in the Department of Economics and Finance at the University of North Carolina Wilmington (UNCW) since 2006. Prior to then, he was a senior official at the Federal Reserve Board in Washington, closely involved with monetary and financial policy. During his career, Dr. Simpson has provided technical assistance to central banks around the world, including in Iraq, China, and Russia. He has been faculty adviser to Ratio Christi at UNCW and has published widely, including Capitalism Versus Socialism: What Does the Bible Have to Say? (Kindle, 2020).

Thomas D. Simpson, PhD